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20121201
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since july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are you bullish but you're also calling for a pretty decent santa claus rally. tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the ebullient month of december. i mean it's happened but it's a pretty rare event it just seems to be the holiday sentiment tend to its lift stocks. i think that is what will happen this kror because i'm not one that thinks we'll fall totally off the cliff. >> tell us more. you think there is going to be some kind of deal by the end of the year and that is a good thing for the stock market? >> i am not sure that you will get a whole resolution to the deal but i think will you see some kind of scaled in event of the of the 265 billion of bush tax cuts only 55 billion go to the wealthy. the other 210 billion go to the
. those are some of the day's major stories. now, back to jeff. >> brown: and to egypt. within the last 24 hours the country has seen the worst violence since president mohamed morsi was elected in june. seven people were killed and more than 600 hurt during overnight clashes in cairo outside the presidential palace. we have a report from jonathan rugman of "independent television news." >> reporter: last year, they ousted a dictator. last night, they turned against one another. religious and secular egyptians fighting outside the palace of their first freely-elected president. after riot police gave up keeping the two warring sides apart. seven people were killed and hundreds were injured. both sides were armed with clubs, but eyewitnesses said the first gunfire came from president morsi's supporters. the president's opponents let off fireworks. but they say they won't back down until the president gives up sweeping new powers or resigns. this morning, the army moved in. not to mount a military coup, but to defend a president they would once have jailed for his political views. the comman
it there and that very upbeat note. thank you e very much, roger. we've been speaking with roch. >> jeff: altman. f coming up tomorrow, we'll talk with one top c.e.o. for his views on the fiscal cliff and what higher taxes and spending cuts mean for his business. stephen roell of johnson controls joins us. >> reporter: pfizer took a big hit this year when its blockbuster cholesterol drug lipitor came off patent. still ahead, the outlook for the generic drug business in 2013. >> susie: on wall street today, another triple-digit gain in blue chip stocks on hopes that a fiscal cliff deal is in the works. investors were also reassured by another positive report from the housing sector. homebuilder confidence hit its highest level since the spring of 2006. but the housing recovery still has a ways to go: index readings above 50 reflect a positive outlook. some encouraging news on europe's economic crisis: standard and poor's gave greece a better grade. it got upgraded to a "b-minus" from "selective default" thanks to reassurances that greece will stay in the eurozone. on wall street, the dow rose 115 po
.5%. those are some of the day's major stories. now, back to jeff. >> brown: george washington famously described the senate as "the saucer that cools the tea," a body designed to soothe "hot" legislation that emerged from the house of representatives. but as congressional correspondent kwame holman reports, some senators have gotten pretty steamed over a proposed change to how their chamber operates. >> holman: a sign of the holiday season-- the u.s. capitol christmas tree arrived in washington on monday. but behind the festive scene outside, there was a partisan war raging inside on the floor of the senate. the combatants-- democratic majority leader harry reid and republican minority leader mitch mcconnell. >> americans believe congress is broken. once again, the only ones who disagree are mitch mcconnell and the republican party. >> i've never said the senate's working fine. i think the senate's been disastrously run for the last two years. >> the american people know, democrats and republicans, that this place isn't working and there needs to be some changes so that we can proceed
by william. those are some of the day's major stories. now, back to jeff. >> brown: how tough is too tough when it comes to sports and brain injuries? it's an issue we've followed over a number of years. today there was new data to chew on. week after week the big hits keep attracting big audiences to professional and college football. but concerns over head injuries in football and other sports have also continued. the connection between repeated blows and a degenerative brain disease known as c.t.e. the latest evidence comes from a new report from boston university that's been published in the scientific journal brain. the four-year study examined brain autopsies of 85 male donors ranging from age 17 to 98 which included football players at various levels, boxers, hockey players and a group of veterans. they've found evidence of c.t.e. in 68 cases, almost all of them athletes. football players included linemen, running backs and tighteneds who had received repeated hits throughout their careers. one was the late john macky plefid with his wife sylvia in 2009 by ray suarez. >> suarez: in
: brubeck would have turned 92 tomorrow. for more on his legacy, we turn again to jeff. >> brown: and for that, we're joined by another leading figure in the world of jazz. george wein is the founder of the legendary newport jazz festival and the new orleans jazz and heritage festival. mr. wein, welcome to you. you go back a long way with dave brubeck. tell us about when you first heard his music in the early 50s. what stood out? >> dave opened in my club, storyville, 1952 i think was the year. nobody knew him. we opened, had about 20 or 30 people in the club. by the end of the week, it was full because it communicated-- people went out of the club and told everybody this fantastic music was happening. he went from right on there, the next 60 years, never lost his popularity. he was one of the most important figures of all the great figures in jazz in the 50s and latter half of the 20th century. listening to take 5 was like solving a puzzle or untying a knot because people were hearing this melody in 5-4, and they didn't know what they were hearing. once they solved it, they neve
to tax hikes of any kind. after today's party caucus, arizona congressman jeff flake, about to move to the senate, said he is withholding judgment until he sees more specifics. >> we've got to have more cuts than the president is proposing or that's been discussed here. >> woodruff: but retiring ohio congressman steve la tourette predicted that in the end most could live with higher tax rates if they are part of a broader package. >> if i had to say where most of the votes are today, most will accept an increase in tax rates but they really want a way forward on how we're going to get the rest of the government under control. >> woodruff: but the only real certainty appeared to be that lawmakers will be back in washington right after christmas if there's to be any deal before the new year's deadline. and to two reporters who've been closely watching this story. todd zwillich covers congress for public radio international's "the takeaway" on wnyc. and carol lee of the "wall street journal" joins us from the white house. thank you both for talking to us. carol, i'm going to start with
for tonight. on wednesday, we'll have jeff's second story from athens, about how ordinary greeks are coping in tough times.on we'll see you online, and again here tomorrow evening. i'm gwen ifill. thank you, merry christmas, and good night. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financialor literacy in the 21st century. >> and with the ongoing support of these institutions and foundations.ra and... >> this program was made possible by the corporation forr public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
Search Results 0 to 7 of about 8

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